Loan Programs

Conventional fixed-rate loans are a popular choice, offering a stable interest rate for the entire loan term, which keeps monthly payments consistent. While a 20% down payment has traditionally been expected, lower down payment options are available. Loan terms typically range from 10, 15, 30, to 40 years.

Contact us for specific down payment requirements. 

ARMs feature interest rates that adjust annually based on market conditions, resulting in corresponding changes to the borrower’s monthly payment. While initial rates on ARMs are typically lower than those of fixed-rate loans, they may increase over time. Common ARM options include Hybrid ARMs, such as 10/1, 7/1, 5/1, and 3/1 programs.

Contact us to learn more about adjustable-rate mortgage options.

A jumbo loan, or non-conforming loan, refers to any home loan exceeding $802,650 (varies by zip code).

Jumbo loans offer similar options to fixed-rate and adjustable-rate programs, and FHA jumbo loans are also available. The primary difference between jumbo and conforming loans lies in the interest rate—jumbo loans typically have higher rates due to increased risk for lenders.

Contact us today to learn more about jumbo loan options.

FHA loans are privately issued loans backed by the federal government, making them a popular choice for borrowers who may not have the funds for a traditional 20% down payment. With only a 3% down payment required, these loans provide a more accessible option for many buyers. Borrowers are required to pay mortgage insurance, which adds a small amount to the monthly payment. Lenders offering FHA loans must be approved by the Department of Housing and Urban Development.

Contact us today to see if an FHA loan is the right fit for you.

VA loans are federally-backed private loans available exclusively to eligible military veterans and their families. These loans can only be used for primary residences. As of 2020, if you have full entitlement, you don't have a VA loan limit.

To learn more about eligibility and qualifications for the VA loan program, contact us today.

A Home Equity Line of Credit (HELOC) is a flexible loan option that allows homeowners to borrow against the equity they have built up in their homes. Unlike a traditional loan, a HELOC functions much like a credit card, providing access to a revolving line of credit that can be used as needed during a specified draw period. With a HELOC, borrowers can withdraw funds for various purposes, such as home improvements, debt consolidation, or unexpected expenses. Typically, interest is only charged on the amount borrowed, and the rates are often variable. This type of loan can be an attractive option for homeowners seeking access to funds without a fixed monthly commitment, though it requires careful budgeting as the loan is secured by the home itself.

Contact us today to explore HELOC options.

A construction loan is a short-term, high-interest loan designed to fund the building of a new home or major renovations on an existing property. Unlike traditional mortgages, construction loans are disbursed in stages as each phase of the project is completed, which helps ensure funds are used appropriately.

Typically, borrowers make interest-only payments during the construction period, and once the project is finished, the loan may convert to a traditional mortgage or require refinancing. Construction loans can be more complex than standard home loans, as they often require detailed project plans, budgets, and timelines to secure approval. This type of financing is ideal for individuals looking to customize their home from the ground up or undertake substantial renovations.

Contact us today to build or extend the house.

Debt Service Coverage Ratio (DSCR) loans are a unique type of financing often used by real estate investors to fund income-generating properties. Unlike traditional loans, DSCR loans assess a borrower's ability to repay based on the property’s cash flow rather than personal income. This means that if a property generates sufficient rental income to cover its debt obligations, it may qualify for a DSCR loan, even if the borrower doesn’t meet typical income criteria. DSCR loans provide flexibility and are especially appealing to investors looking to expand their portfolios without impacting personal debt limits.

Contact us to find out if a DSCR loan is the right fit for your investment needs.

No income mortgages, also known as no-income verification loans, are designed for borrowers who may not have traditional income documentation but have sufficient assets or alternative financial means to support loan payments. These loans are particularly helpful for self-employed individuals, retirees, or those with irregular income streams, as they often focus on credit history, assets, and property value instead of traditional income verification. Though the requirements for these mortgages can be stricter, they provide a viable option for borrowers with unconventional financial profiles.

Contact us to learn more about whether a no income mortgage could work for your unique situation.

Foreign national loans are tailored for non-U.S. citizens looking to purchase property in the United States. These loans offer a pathway to homeownership or real estate investment for individuals who may not have established credit in the U.S. or meet the typical documentation requirements for a conventional loan. Instead, foreign national loans may consider factors such as international credit, employment verification, or other assets held abroad. This type of financing provides flexibility and opportunity for foreign buyers seeking to invest in U.S. real estate.

Contact us to explore if a foreign national loan is the right option for you.

Fix-and-flip loans are short-term, high-interest loans designed for real estate investors who purchase properties with the intention of renovating and quickly reselling them for a profit. These loans provide the necessary capital to fund both the purchase and the renovation of the property, with repayment typically due within a year or two.

Fix-and-flip loans are often based on the after-repair value (ARV) of the property rather than the borrower’s personal financial situation, making them accessible to investors with limited capital or credit history. They are an ideal solution for those seeking to capitalize on the real estate market by flipping properties for a profit.

Contact us today to learn how a fix-and-flip loan can help fund your next investment project.

SBA loans, particularly the SBA 7(a) and SBA 504 loan programs, provide crucial funding options for small businesses in the U.S.

The SBA 7(a) loan provides up to $5 million for a variety of needs, like working capital or refinancing, making it flexible for startups and established businesses alike. The SBA 504 loan is designed for major fixed asset purchases, such as real estate and equipment, offering long-term, fixed-rate financing through a partnership with certified development companies. Both programs feature low down payments and favorable terms to support business growth and stability.